Amid the ongoing consolidation in the broader crypto markets, ai16z (AI16Z) continues to make waves with its incredible performance. Besides its performance, its popularity among whales and traders has increased tremendously in significant accumulations in recent days.
Whales continue accumulating ai16z
On December 27, Onchain Lens shared a post on the X platform that a whale withdrew 5,291 Solana tokens worth $1 million from Coinbase and bought 1,127,641 ai16z coins.
According to the data, the whale sent all the tokens to his main wallet. Currently, the whale holds 19.82 million ai16z coins and has an unrealized profit of $4.81 million. Given the token’s surging popularity, the buying will continue.
Whale Continues Buying $AI16ZIn the past hour, the whale withdrew 5,291 $SOL worth $1M from #Coinbase and bought 1,127,641 $AI16Z, sending it to the main wallet.Currently, the whale holds 19.82M $AI16Z and has a floating profit of $4.81M.Buying Wallet:… https://t.co/X4AenrOKZj pic.twitter.com/yS1YdTd5eX
— Onchain Lens (@OnchainLens) December 27, 2024
Yesterday, two whales bought huge amounts of ai16z tokens, according to data from Lookonchain. One big investor purchased 3.09 million ai16z tokens valued at $2.46 million. In the past month, the trader also accumulated a whopping 18.7 million ai16z tokens worth $15.72 million.
Another whale also purchased gigantic quantities of 1.4 million ai16z tokens for $1.27 million on Dec.26. In the past week, the same trader purchased 7.2 million ai16z tokens, summing $6.05 million.
These massive purchases signal rising interest in ai16z, with whales experiencing tremendous profits from their investments within a short period. An increasing number of savvy traders consider the asset as a promising AI project. The token’s popularity is rising because of the AI concept and backing from the a16z founder Marc Andreessen.
Ai16z price updates
$AI6Z’s price is currently trading at $0.8956, up 71.5% in the last seven days, with a market cap of $986.98 million making it number 205 in the entire crypto ecosystem. This rise reflects the growing effect of ai16z, an innovative program that combines AI and DeFi.
Ai16z is an AI-driven venture capital DAO token that runs on top of the Solana blockchain. Marc Andreessen is at the helm of the DAO who manages all ai16z’s activities. What makes the AI-based token interesting among investors is that it is quite different from traditional venture capital funds like Andreessen Horowitz (a16z). Ai16z is fully controlled by a DAO, with financial decisions created based on proposals from its members.
It does not simply imitate Marc Andreessen’s investment expertise. Instead, ai16z leverages the power of the AI system to develop a more effective and independent approach to venture capital funding. This groundbreaking and community-based model distinguishes it from traditional venture capital companies, expanding the boundaries of what an AI-focused fund can do. Besides being an investment asset, ai16z is a governance token that provides buyers with the ability to vote, giving them a say in investment decisions in the DAO.
The token is becoming a major asset in the crypto landscape due to its expanding technological expertise, advanced governance structures, and robust whale buying spree. Besides redefining the DeFi sector, ai16z is setting a higher standard for what blockchain ecosystems can do with their creative application of AI and DAO venture capital.
